Evecon, the leading energy park developer in the Baltics, has demonstrated its strength in Estonia, Latvia and Lithuania over a short time. More than 35 projects have been completed or are under construction to date, including large-scale energy parks totalling nearly 700 MW. In Estonia alone, the construction of solar parks by companies related to Evecon in 2024 added more than 100 MW of capacity, i.e. a tenth of what is already in use in Estonia today. At the heart of the company’s energy portfolio of almost 2 GW is the development of wind, solar, battery and other energy parks.
A reliable partner
The development team of Evecon in Estonia, Latvia and Lithuania has achieved good results not only in the development of the company’s own energy parks, but also in the provision of end-development services to other customers. The company’s activities have also varied from country to country, depending on local specificities.
Niam Infra, an investment fund with a Swedish background, and Evecon established a joint venture last year and started working together to develop solar and battery parks with a total capacity of 110 MW in Latvia. This partnership with an investment fund renowned in Northern Europe will allow Evecon to strategically explore and develop new opportunities across the Baltic region.
Evecon’s developments also include the largest solar park in the Baltic states, with a production capacity of more than 77 MW, completed in Kirikmäe in 2024. The park was built in cooperation with the international investment fund Mirova, which does not make large-scale investments lightly. Yet the fund chose Evecon as its partner.
By bringing investments to Estonia, Evecon shows that as a reliable partner, it is possible to make investments successfully against the market, i.e. by taking all the risks itself, thereby saving taxpayers’ money and providing energy to consumers in the most favourable manner.
“Evecon has grown into a strong and reliable partner in the energy sector, bringing innovative solutions and large-scale projects to the market that ensure secure energy supply across the region,” said Karl Kull, CEO of Evecon. “Our cooperation with international partners helps us carry out large-scale developments that create long-term value.”
Securing the energy future of the Baltic states
Karl-Joonatan Kvell, Development Manager at Evecon, says that in addition to careful partnerships, Evecon works closely with local authorities, communities and landowners to ensure the successful implementation of projects. “Evecon was the first developer in Estonia to offer local authorities a community benefit agreement for solar power generation – 0.6% of the total cost of the plant’s production – as a voluntary step,” he said. “We are also the first to offer support to local authorities for the operation of battery parks.”
The share of wind energy developments is increasing in response to electricity market needs. Energy storage capacity is also important, as is the deployment of hybrid solutions that allows additional battery parks to be set up at the same connection points as wind turbines and solar parks.
Although we completed a number of major projects in 2024, the company has no plans to slow down. “Our plans for the near future include a number of powerful energy projects that will not only strengthen our presence in the market, but will also help secure energy stability and sustainability across the region,” said Kvell. “Major wind projects, including developments in Lääneranna, Lüganuse and Tõrva municipalities, will receive building permits in the middle of 2026 at the latest. In total, Evecon is developing wind farms in nine different municipalities.”
Developer of the largest battery park complex in continental Europe
Two battery parks with a total capacity of 200 MW and a total storage capacity of 400 MWh will be built in Harju County through the joint venture Baltic Storage Platform, founded by Evecon, the French solar energy producer Corsica Sole and the international investment fund Mirova. Kiisa battery park is scheduled to be completed this autumn and Aruküla battery park in spring 2026.
“The 400 MW battery farm complex is a ground-breaking project for energy security in the Baltic states,” said Risto Virveste, Project Manager at Evecon. “It will help to balance the energy grid, reduce dependency on external impacts and create a more stable and flexible electricity system across the region. In the event of an increase or decrease in grid frequency, the batteries help to quickly store or supply the energy needed to balance the effects of the change. This technology can be used to provide different regulation services to the system.”
Evecon has 600 MW of storage capacity in the pipeline in the Baltics today, a third of which is currently under construction. Competitive battery technology has already proven its worth, and the Evecon battery parks that will be completed in the coming years will help to provide the energy market with all the services it needs in a situation where Estonia and the other Baltic states have just joined the continental European frequency area.
